“The Philippines remains on track to reach upper middle-income status by 2023 despite the challenges of the pandemic and the global economic upheavals.”
What Vera Files found
In a July 26 briefing following the president’s State of the Nation Address, Socioeconomic Planning Secretary Arsenio Balisacan said the country could reach upper middle-income status by 2024 “assuming that we’ll achieve 6.5% to 7.5% growth in 2022 and 6.5% to 8% in 2023.”
Their words, from the summary they publish with the rating.
In short
Ferdinand Marcos Jr. made this claim around 21 September 2022. Vera Files (Philippines) looked into it and published its finding on 29 September 2022, 8 days later. Its rating was “Needs context”.
Ferdinand Marcos Jr. has 62 checked claims in this archive. Fact-checking organisations rated 17 of them false or fake, 43 misleading or mixed and 0 true.
Where the claim appeared
- YouTube videohttps://youtu.be/av7CMIXfoqA?t=478
Links recorded by Vera Files. Some posts may have been deleted since.
This check was done by Vera Files, not by DoesItStand. We list it so you can find it. Their full evidence and reasoning are in their article.